Song Youzhou, the TEB project engineer, said back in August that the biggest advantage is that the bus will save lots of road space.
He explained that the TEB has the same functions as the subway, while its cost of construction is less than one-fifth of the subway.
One TEB could replace 40 conventional buses, according to the firm. However, it is unclear when the vehicle will be widely used in Chinese cities.
It is not a new idea, but it was not seriously considered until a mini-model of it was launched at the 19th China Beijing International High-Tech Expo in May.
A month later, developers announced that the TEB would be ready for a test-run in August. Thousands took to micro-blogging site Weibo to express their amazement and incredulity.
One Chinese Weibo user commented that he saw images of the elevated bus not too long ago and he can’t believe that it was already happening. He cited that the TEB would put the Chinese speed in focus.
However, now that the project appears to have been shelved, it looks like the TEB would end up as one of those uncompleted Chinese breakthrough innovations for the world to just be in awe.